{
  "url": "https://openlegislation.uk/value-added-tax-business-gifts-of-small-value-order-2001/note",
  "json_url": "https://openlegislation.uk/value-added-tax-business-gifts-of-small-value-order-2001/note.json",
  "legislation": "uksi/2001/735",
  "legislation_title": "The Value Added Tax (Business Gifts of Small Value) Order 2001",
  "legislation_url": "https://openlegislation.uk/value-added-tax-business-gifts-of-small-value-order-2001",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order, which comes into force on 8th March 2001, amends paragraphs 5(2)(a) of Schedule 4 to the Value Added Tax Act 1994.\nSubject to certain exceptions, the gifting of assets of a business constitutes a supply of goods for VAT purposes. One of the exceptions is where the cost to the donor of the gift is not more than a certain amount. This Order increases that amount from £15 to £50.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/735/note",
    "retrieved_at": "2026-10-29T07:59:22.042159+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}